S.L. 452.130 Art. 19Administration of the Agencies Guarantee Fund.

(1) The Agencies Guarantee Fund shall be administered by an Administration Board, which shall be composed of:

(a) a Chairperson nominated by the Minister;

(b) the four (4) representatives of employees appointed on the Employment Relations Board in accordance with article 3(2)(c) of the Act;

(c) the four (4) representatives of employers appointed on the Employment Relations Board in accordance with article 3(2)(d) of the Act;

(d) a member nominated by the Minister responsible for finance;

(e) the Chairperson of Jobsplus; and

(f) a person appointed by the Minister who shall be a member of the legal profession.

(2) The Administration Board shall regulate its own procedure.

(3) The Administration Board shall keep proper books of account and records regarding claims registered and paid out of the Agencies Guarantee Fund and any reimbursements which are obtained by the Administration Board in accordance with regulation 20(5)(d).

(4) The Administration Board shall have the power to appoint experts to assist it in any matter under its consideration, as may be required.

(5) The Administration Board shall publish an annual report of its activities, together with the annual audited accounts of the Agencies Guarantee Fund.

(6) The Administration Board shall have a distinct legal personality and shall be capable of entering into contracts, of suing and being sued, and doing all such things and entering into such transactions as are incidental or conducive to the fulfilling of its objectives.

(7) The legal and judicial representation shall vest in the Chairperson or in any other member of the Administration Board whom the Chairperson may authorise in writing for such purpose.

(8) The address of the Administration Board shall be any such address which may be in use from time to time as the head office of the Department responsible for employment and industrial relations, and any correspondence shall be addressed to the Chairperson.